Economic Tidbits


“Nearly everything you buy today costs less thanks to the increase in free trade enabled by the GATT and its successor organization, the WTO. The ordinary American consumer gains 37 percent in purchasing power thanks to free trade, meaning that she can buy 37 percent more products and services for the same number of dollars.”

The Internationalists: How a Radical Plan to Outlaw War Remade the World, Oona A. Hathaway and Scott J. Shapiro, Simon & Schuster, 2017

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